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Kuwait’s Alafco to lease six Airbus jets to Thai Airways

Thai Airways reinforces ties with Kuwait as it prepares for expansion, leasing six new Airbus planes from Kuwait's Aviation Lease and Finance Company - Reuters

July 3, 2011 10:43 by

Kuwait’s Aviation Lease & Finance Co (Alafco) said on Sunday it has agreed to lease six new Airbus aircraft to Thai Airways.

Thai Airways will lease the new A350-900 XWB aircraft for 12 years from the date of delivery in 2017, Alafco said in a statement on Sunday. The leasing firm said the list price was $1.6 billion. Alafco’s monthly rental charges are 1 percent of the listed prices. Alafco last month ordered six Airbus wide-body A350-900 aircraft at the Paris Air Show.

Islamic lender Kuwait Finance House and state-owned Kuwait Airways are Alafco’s biggest shareholders. (Reporting by Angie Galal; Editing by Amran Abocar)

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